Gold seems to have one set of a-b-c correction at the low of yesterday around 31320. This could be wave a or wave 4. We are yet to determine that. It seems to have started a move up. This could be the next leg of the impulse of is part of the wave b. We should observe the strength and nature of this up move to confirm.
Gold Daily chart :
Gold hourly chart:
Gold Daily chart :
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